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Link Hotel owners stave off forced sale with financing to repay S$51 million loan

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Jessie Lim

Jessie Lim

Published Thu, Jul 6, 2023 · 01:42 PM
    • The main lobby of Link Hotel Singapore. The boutique hotel in Tiong Bahru was put up for sale through an expression of interest exercise in April. 
    • The main lobby of Link Hotel Singapore. The boutique hotel in Tiong Bahru was put up for sale through an expression of interest exercise in April.  PHOTO: LINK HOTEL SINGAPORE

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    LINK Hotel Singapore has been taken off the market after its owner, Hang Huo Investment, obtained a loan from Swettenham Capital to repay a S$51 million loan owed to DBS.

    The loan, obtained in June, will provide S$55 million to Hang Huo Investment at an interest rate of 11 per cent per annum. It is secured by a mortgage over the hotel.

    The sum will also go towards financing the working capital of Hang Huo Investment and repaying costs incurred in the loan process, parent company Link Holdings said in a Hong Kong Exchange filing on Jun 26. 

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